March 1, 2002

Wealthy Atlantic Philanthropies Shifts Focus Away From Higher Education

By JOHN L. PULLEY

The Atlantic Philanthropies, a group of wealthy foundations that has quietly supported colleges and universities with grants totaling $1.3-billion since 1982, is moving to retreat from its financial support of higher education.

Atlantic -- which reported assets of $4.6-billion as of last March, according to information on its Web site -- took the first steps to shift its grant making in January, following deliberations by its Board of Directors, said a source familiar with

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